Energy supply: 65%
Environmental and waste management: 20%
Telecommunications and other services: 15%

Austria: 50%
Germany: 25%
Bulgaria: 15%

EVN AG generates the majority of its revenues from energy supply, which accounts for about two-thirds of total revenue. This includes both electricity and gas supply. The environmental and waste management sector also contributes significantly to the income, followed by telecommunications and other services.

Geographically, Austria is the largest market for EVN AG, followed by Germany and Bulgaria. These markets are crucial for the company as they represent stable and growing sources of income. The presence in these countries enables EVN AG to benefit from different regulatory and economic conditions.

Production Sites: Lower Austria, Bulgaria, North Macedonia

The EVN AG is an Austrian energy supply company that operates mainly in Lower Austria. In addition, the company also operates energy generation plants in Bulgaria and North Macedonia. These sites are part of EVN AG's international expansion strategy to strengthen its market presence in Southeast Europe.

In Lower Austria, EVN operates a variety of power plants, including thermal power plants, hydroelectric power plants, and wind farms, to ensure diversified energy generation. In Bulgaria and North Macedonia, the company also focuses on the generation and distribution of electricity and heat to secure local energy supply.

Investments in Renewable Energies: €1.5 billion by 2027
Planned Reduction of CO2 Emissions: 50% by 2030 (compared to 2020)

EVN AG is strongly focusing on expanding renewable energies as the main strategy for future growth. The company plans to invest a total of €1.5 billion by 2027 in the expansion of wind and solar energy. These investments are intended to significantly increase the capacity of renewable energies and reduce dependence on fossil fuels.

In addition, EVN AG aims to reduce CO2 emissions by 50% by 2030 compared to 2020. This will be achieved through a combination of efficiency improvements, infrastructure modernization, and increased use of green energy.

Another strategic focus is on the digitization and automation of supply networks to increase efficiency and reduce operating costs. This is intended not only to improve competitiveness but also to enhance customer satisfaction by providing more reliable services.

Main Imported Raw Materials: Natural gas, coal, biomass

Countries of Origin:

• Natural gas: Russia, Norway
• Coal: Poland, Czech Republic
• Biomass: Germany, Slovenia

EVN AG, as a significant energy supply company in Austria, imports a variety of raw materials to ensure its energy production. Natural gas is mainly sourced from Russia and Norway, as these countries are among the largest natural gas suppliers in Europe. Coal imports primarily come from Poland and the Czech Republic, which are traditionally strong coal producers.

Biomass is imported from neighboring countries such as Germany and Slovenia to support sustainable energy production. These imports are part of EVN AG's strategy to ensure diversified and reliable energy supply.

Market share in Austria: approximately 20% (2024)

EBITDA margin: 18.5% (2024)

Equity ratio: 45% (2024)

EVN AG has a significant competitive advantage, especially due to its strong market presence in Austria, where it covers about 20% of the market. The EBITDA margin of 18.5% indicates solid profitability, pointing to efficient operations and cost management.

The equity ratio of 45% underscores the financial stability of the company and its ability to invest in future growth projects. EVN AG also benefits from a diversified business model that includes both energy generation and distribution, as well as investments in renewable energies, which could secure a sustainable competitive advantage in the long term.

Institutional Investor Share: 42% (2025, estimated)

Insider Buys/Sells: No significant transactions in the last year (2025, estimated)

The institutional investor share at EVN AG is approximately 42%, indicating a strong interest from investment funds and other large financial institutions. These investors typically seek stable returns and long-term growth potential.

In 2025, there were no significant insider buys or sells, suggesting that the management and other insiders have confidence in the current company strategy and valuation. Such transactions are often seen as indicators of the company's future performance, so the absence of major movements in this area is noteworthy.

Market share of EVN AG: Estimated 5% (2025)

Main competitors and their market shares:

1. Verbund AG: Estimated 25% (2025)
2. Wien Energie: Estimated 20% (2025)
3. Energie AG Oberösterreich: Estimated 15% (2025)
4. Linz AG: Estimated 10% (2025)
5. Kelag: Estimated 8% (2025)

Moat of EVN AG:

EVN AG has a moderate moat, mainly characterized by its regional market presence and the diversification of its services. The company not only provides energy supply but also services in the areas of water and waste management, creating a certain level of stability and customer loyalty.

In comparison to its competitors, Verbund AG has a stronger moat as it is the largest electricity producer in Austria and has significant capacities in renewable energies. Wien Energie benefits from its strong position in urban areas and a broad customer base.

Overall, EVN AG has a solid, but not outstanding moat compared to the larger competitors, who are sometimes better positioned due to their size, market presence, and specialization in renewable energies.

Revenue Growth: 8.5% (2024) EBITDA Margin: 22% (2024) Investments in Renewable Energies: 500 million euros (2024)

In 2024, EVN AG recorded a revenue growth of 8.5%, attributed to increased demand for its services and successful expansion into new markets. The EBITDA margin of 22% demonstrates solid operational efficiency, indicating good cost control and a strong market position.

A key strategic focus of EVN AG is investments in renewable energies. With investments of 500 million euros in 2024, the company is well positioned for future growth in an increasingly sustainability-oriented market environment. These investments could lead to long-term diversification of revenue sources and a reduction in dependence on fossil fuels.

In summary, EVN AG represents a promising investment opportunity due to its solid revenue growth, strong operational margin, and strategic investments in renewable energies. However, investors should also consider general market conditions and regulatory developments in the energy sector before making an investment decision.

Dividend Yield: 3.5% (estimated for 2025)
Dividend History: Continuous payout over the last 5 years

EVN AG has been paying out a consistent dividend in recent years, indicating a reliable payout policy. The dividend yield is currently estimated at 3.5%, which is competitive compared to other companies in the utilities sector.

The company has a solid financial foundation and stable earnings, supporting the continuity of dividend payments. The reliable payouts in recent years suggest that EVN AG should also be able to pay dividends to its shareholders in the future.